"It’s great to be working again with Synergy Care, as we continue to collaborate with their experienced team to help meet the growing demand for high-quality care provision in these two areas"
- Max Weitzmann - Octopus Capital
Octopus Capital has announced that it has completed a £30 million forward funding deal with Synergy Care Developments to deliver two purpose-built care homes in Radcliffe, Nottinghamshire, and Peterborough, Cambridgeshire.
The two homes will provide 152 high-quality beds and will both be operated by Acacia Care. They will be leased on 35-year, fully repairing and insuring, index-linked terms. The developments have been acquired on behalf of the Octopus Healthcare Fund (OHF), which invests in modern care homes across the UK.
Due for completion in autumn 2026 in Radcliffe and spring 2027 in Peterborough, both homes will be all-electric buildings powered by air source heat pumps and solar panels. Each development is targeting BREEAM ‘Excellent’ and EPC ‘A’ ratings, supporting OHF’s ESG performance and 2040 net zero targets.
In Peterborough, the design will restore and integrate the locally listed former pub, The Cherry Tree, into the new home. The building will be repurposed as a residents’ lounge, preserving local heritage and enhancing the home’s community character.
These two developments mark the fourth and fifth homes funded through the partnership between Octopus Capital and Synergy Care. This builds on the successful completions of Regency Manor in Hunstanton and Ashmore Grange in New Lubbesthorpe earlier this year. A further Synergy Care home in Burton-upon-Trent is under construction and is due to be completed in January 2026.
Max Weitzmann, investment director at Octopus Capital, said, “It’s great to be working again with Synergy Care, as we continue to collaborate with their experienced team to help meet the growing demand for high-quality care provision in these two areas. It’s incredibly rewarding to have found such a strong partner for current and future projects, whose values align so closely with those of Octopus Capital – to deliver more modern and sustainable homes that are fit for the future.”
Jay Patel, managing director at Acacia Care, commented: “We’re delighted to be continuing our relationship with Octopus Capital to fund and operate these two purpose-built care facilities. At Acacia, we believe that everyone has the right to live in a dignified, private and respectful environment, and the homes we have funded with the Octopus team are a prime example of that commitment.”
